TAXID947033 Deed of Trust - Laserfiche WebLink

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(hereinafter the "Property") which real property is not used principally for agriculture or farming purposes, together with all tenements, hereditaments, and appurtenances now or hereafter thereunto belonging or in any wise appertaining, and the rents, issues and profits thereof. 2. This Deed of Trust is for the purpose of securing performance of each agreement ofthe Grantor contained herein, and possible payment of the sum of $350,000.00, in accordance with the terms of a promissory note of even date herewith payable to the Beneficiary and in accordance with the terms of County of Kittitas American Rescue Plan Act Grant Program Agreement. 3. To protect the security of this Deed of Trusto Grantor covenants and agrees: 3.1 To keep the Property in good condition and repair; to permit no waste thereof; or complete any building, structure or improvement being built or about to be built thereon; to restore promptly any building, structure or improvement thereon which may be damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property. 3.2 To pay before delinquent all lawful taxes and assessments upon the Property; to keep the Property free and clear of all other charges, liens or encumbrances impairing the security ofthis Deed of Trust. 3.3 To keep all buildings now or hereafter erected on the Property continuously insured against loss by fire or other hazards in an amount not less than the total debt secured by this Deed of Trust. All policies shall be held by the Beneficiary and be in such companies as the Beneficiary may approve and have loss payable first to the Beneficiary as its interest may appear and then to Grantor. The amount collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this Deed ofTrust. In the event of foreclosure, all rights of the Grantor in insurance policies then in force shall pass to the purchaser at the foreclosure sale. 3.4 To defend any action or proceeding purporting to affectthe security hereof or the rights or powers of Beneficiary or Trustee, and to pay all costs and expenses, including cost of title search and attorney's fees in a reasonable amount, in any such action or proceeding, and in any suit brought by Beneficiary to foreclose this Deed of Trust. 3.5 To pay all costs, fees and expenses in connection with this Deed of Trust, including the expenses of the Trustee incurred in enforcing the obligation secured hereby and Trustee's and attorney's fees actually incurred, as provided by stafute. 3,6 Should Grantor fail to pay when due any taxes, assessments, insurance premiums, liens, encumbrances or other charges against the Property, Beneficiary may pay the same, and the amount so paid, with interest at the rate set forth in the note secured hereby, shall be added to and become a part of the debt secured in this Deed of Trust. 4. Grantor and the Beneficiary mutually agree that: By accepting payment ofany sum secured hereby after its due date, Beneficiary Page2 of 4 4.1